National Instruments (NATI) Receives a Hold from J.P. Morgan

In a report released yesterday, Samik Chatterjee from J.P. Morgan maintained a Hold rating on National Instruments (NATIResearch Report), with a price target of $42.00. The company’s shares closed last Friday at $36.14.

According to, Chatterjee is a 5-star analyst with an average return of 15.2% and a 54.4% success rate. Chatterjee covers the Technology sector, focusing on stocks such as CommScope Holding, Dell Technologies, and Cambium Networks.

National Instruments has an analyst consensus of Moderate Buy, with a price target consensus of $47.33.

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Based on National Instruments’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $421 million and net profit of $40.34 million. In comparison, last year the company earned revenue of $368 million and had a net profit of $4.74 million.

Based on the recent corporate insider activity of 41 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of NATI in relation to earlier this year.

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National Instruments Corp. designs, manufactures and sells systems to engineers and scientists that accelerate productivity, innovation and discovery. It provides application software and modular, multifunction hardware that users combine with industry-standard computers, networks and third party devices to create measurement, automation and embedded systems, which refer as virtual instruments. The company was founded by Jeffrey L. Kodosky and James J. Truchard in May 1976 and is headquartered in Austin, TX.

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